Written November 18, 2022 5:02 p.mUpdated on November 18, 2022, at 18.17.
Playful and inseparable, the smartphone was one of the major tools in the crypto and bitcoin trading craze that gripped individuals, for better or for worse. Between August 2015 and last June, nearly three-quarters of smartphone application users downloaded them, when bitcoin was worth more than $20,000 (compared to $16,650 today), according to a major study conducted over the past seven years (1) by the Bank for International Settlements (BIS).
They thus launched late on the market, between 2020 and 2022, attracted by sky-high prices. They therefore had less chance of making money. The BIS estimates “between 73% and 81% of individuals are likely to have lost money on crypto”. A result linked to the hypothesis that once the application has been downloaded, the individual has invested the same amount in bitcoin every month to limit their risks by investing in both the up and down phases.